Question
1. Determine the net amount due on the invoice. Round your answer to the nearest cent. Place dollar sign in answer where appropriate. Invoice Amount
1.
Determine the net amount due on the invoice. Round your answer to the nearest cent. Place dollar sign in answer where appropriate.
Invoice Amount | Terms | Paid Within Discount Period | Returned Merchandise | Shipping Charges | Cash Discount | Net Amount Due |
$213.72 | 2/10, n/30 | no | none | $15.50 | 0 |
2.
Calculate cash discount or net amount due. Round your answer to the nearest cent. Place dollar sign in answer where appropriate.
Corner Grocery received an invoice for $689.30, dated October 8, with terms 2/10, n/30. How much should the store pay on October 20?
3.
Determine the net amount due on the invoice. Round your answer to the nearest cent. Place comma and dollar sign in your answer where appropriate.
Invoice Amount | Terms | Paid Within Discount Period | Returned Merchandise | Shipping Charges | Cash Discount | Net Amount Due |
$534.78 | 2/10, n/45 | yes | none | $13.25 | $10.70 |
4.
Find the net amount due on the invoice. Assume the invoice is paid within the discount period. Round your answer to the nearest cent.
Invoice Amount | Terms | Cash Discount | Net Amount Due |
$623.50 | 2/10, n/30 | $12.47 |
5.
Find the net amount due on the invoice. Assume the invoice is paid within the discount period. Round your answer to the nearest cent. Place comma and dollar sign in your answer where appropriate.
Invoice Amount | Terms | Cash Discount | Net Amount Due |
$4,635.65 | 3/10, n/60 | $139.07 |
6.
Determine the credit given for partial payment on the invoice. Round your answer to the nearest cent. Place comma and dollar sign in answer where appropriate.
Invoice Amount | Terms | Partial Payment | Credit Given | Balance Due |
$1,987.00 | 3/10, n/45 | $1,400.00 | $543.70 |
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